Briefing.com reported on Monday that Morgan Stanley reportedly downgraded AB SKF (publ) (OTCMKTS: SKFRY) from an “overweight” rating to an “equal weight” rating in a research report that was reportedly downgraded.

Deposit $100 and get a $110 to trade stocks >>>>>>>>>>Open Account Barclays categorized the company as “underweight” and decreased their target price from SEK 145 to SEK 130 in a research note released on Friday, July 1, for AB SKF (publ). The research note was published with the company’s quarterly earnings report. In a research note published on Thursday, July 21, Credit Suisse Group stated that they have decreased their price objective on AB SKF (publ) from SEK 160 to SEK 150 and assigned the stock an “underperform” rating. The note also stated that they had assigned the stock an “underperform” rating. In addition, the “buy” recommendation that Nordea Equity Research had previously given for AB SKF (publ) was changed to a “hold” rating in a research study that was published and made available to the public on Friday. Last but not least, Jefferies Financial Group changed its rating for AB SKF (publ) from “hold” to “underperform,” and it also changed its price target for the company from “hold” to “underperform” for the same reason. On Tuesday, September 27, a research article was made available to the public for the first time. There has been a recommendation to sell the company’s shares made by four research experts, a recommendation to hold the shares by four other analysts, and a recommendation to buy the shares by four additional analysts. The price target for AB SKF (publ), which can be found on Bloomberg.com, is currently set at $196.00, and the site’s average recommendation for the company is “Hold.” On Monday, trading began for OTCMKTS SKFRY at $13.31. A beta of 1.31, a P/E ratio of 9.18, a PEG ratio of 2.35, and a PEG ratio of 2.35 characterize the company. It is currently estimated that the company has a market capitalization of $5.67 billion. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.13, and a current ratio of 2.04 in its financial statements. Over the previous 52 weeks, the price of AB SKF has fluctuated between $12.57 and $26.20, reaching a low of $12.57 and a high of $26.20. Over the last 50 days, the company’s share price has moved to an average of $15, while over the last 200 days, it has averaged $16.01.

According to the press release issued by the company, AB SKF (publ) (OTCMKTS: SKFRY) published its most recent earnings report on July 20. The company that manufactures industrial products had earnings per share of $0.30 for the prior quarter (EPS). $2.41 billion was recorded as the company’s total revenue during the questioned period. The return on equity for AB SKF (publ) was 14.26%, while the net margin for the company was 6.88%. According to the forecasts of industry experts, AB SKF will rake in a profit of $1.42 per share during the current financial year.

The multinational corporation, AB SKF is responsible for the invention, development, and production of various products, including bearings, seals, lubrication systems, and services (publ). It is active in both the automotive and industrial business sectors at present. The business offers a diverse selection of items for sale, including rolling bearings, mounted bearings and housings, super-precision bearings, slewing bearings, plain bearings, magnetic bearings and systems, industrial and automotive seals, lubrication management solutions, maintenance items, condition monitoring systems, power transmission solutions, test and measurement tools, aftermarket automotive parts, and products made from waste electrical and electronic equipment. The company was founded in 1945 and is headquartered in the United States.

Nothing on this website should be considered personalized financial advice. Any investments recommended here in should be made only after consulting with your personal investment advisor and only after performing your own research and due diligence, including reviewing the prospectus or financial statements of the issuer of any security.

The Best Stocks , its managers, its employees, affiliates and assigns (collectively “The Company”) do not make any guarantee or warranty about the advice provided on this website or what is otherwise advertised above.

Follow us on Social Media Facebook – YouTube – Twitter

Write for us Finance – Business

Categories Best Stocks to buy now Crypto Dow Jones Today Pre-IPO and Startups Tech stocks Utility Stocks

Data and Tools Quote Target Wealth Converter Dow Jones Today

Best Stocks to Buy Now

We are a financial media dedicated to providing stock recommendations, news, and real-time stock prices.

Get free stock recommendations and real-time news. Our portfolio has returned over 100% in 2020.